Research and Markets: United States Plastic Film Market 2015-2019 – Growing demand for blister packaging in pharmaceutical industry
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/sx4hmk/plastic_film) has announced the addition of the “Plastic Film Market in the US 2015-2019” report to their offering.
The plastic films market in the US to grow at a CAGR of 16.65% during 2014-2019.
The report, Plastic Films Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report includes a discussion of the key vendors operating in this market.
They are also used by other industries for packaging of products, such as automotive parts, industrial goods, pharmaceutical products, and other consumer goods. The various materials used in the manufacturing of packaging films are BoPET, BOPP, cellulosic, CPP, EVOH, HDPE, LDPE, LLDPE, PVC, PVDC, PVOH, and polyamide.
Biodegradable plastic films are easily decomposed by microorganisms. They have a significantly less harmful effect on the environment than conventional plastics. They are not necessarily entirely made from renewable materials; many are made from petrochemicals with biodegradable additives. The adoption of these materials, such as polyvinyl alcohol, polyanhydrides, and polylactic acid, by plastic film manufacturers will reduce the market shares of conventional plastic manufacturers. With environment compliance regulations worldwide becoming more stringent, vendors will be forced to in order to avoid paying significant penalties.
According to the report, demand for blister packs has been increasing in the pharmaceutical industry in the US. The growing incidence of diseases, the aging population, concern for health and wellness, and changing consumer lifestyles have increased the need for pharmaceuticals, which has in turn led to high demand for blister packaging. The implementation of FDA regulations, which require that all prescribed pharmaceuticals dispensed in hospitals and nursing homes be packaged in unit-dose formats with barcodes to reduce dispensing errors, has increased the sales of blister packs over the years. Demand for contact lenses in blister packs has increased tremendously in recent years.
Further, the report states that stringent rules and rising environment issues will lead to a decline in the usage of the plastic films during the forecast period.
- AEP industries
- Berry Plastics
- Jindal Poly Films
Other prominent vendors
- Allied Plastics
- Britton Group
- Charter Nex Films
- Daibochi Plastic
- DS Smith
- GP Plastics
- Graphic Packaging
- International Precision Components
- King Plastics
- Northeast Packaging Company
- Tegrant Alloyd Brands
For more information visit http://www.researchandmarkets.com/research/sx4hmk/plastic_film
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Sector: Plastic Films